Does Money Buy Happiness? Although people with high incomes appear to be happier than those with low incomes, people in the United States in general have become less happy over the last 30 years even...

Does Money Buy Happiness? Although people with high incomes appear to be happier than those with low incomes, people in the United States in general have become less happy over the last 30 years even though real GDP has risen. What are some of the reasons why the increase in real GDP does not always imply greater happiness? (Related to Application 3 on page 132.)